(MENAFN- Kuwait News Agency (KUNA)) BRUSSELS, Jan 12 (KUNA) -- Foreign Direct Investment (FDI) stocks held by Arab Gulf states (Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates and Yemen ) in the European Union in 2015 amounted to 73 billion euro or 1.2 percent of FDI in the EU, the EU's statistical office (Eurostat) reported Thursday.
EU FDI in the Arab Gulf states in 2015 totaled 62 billion euro, or 0.9 percent of EU FDI.
EU FDI in Maghreb countries (Algeria, Morocco and Tunisia) totaled 35 billion euro or 0.5 percent, whereas FDI from Maghreb countries in the EU amounted to 3 billion euro or 0.1 percent last year.
EU FDI in Egypt totaled 41 billion euro or 0.6 percent and Egypt's FDI in EU was 0 percent last year.
FDI stocks held by the EU in the world amounted to 6894 billion euro at the end of 2015, up by 14.9% compared with the end of 2014. Meanwhile, investment stocks held by the rest of the world in the EU rose even more strongly to 5842 billion euro at the end of 2015 (+22.8%). At the end of 2015, the United States absorbed 37.2% of the total FDI stocks held by the EU in the rest of the world (2561 bn euro), far ahead of Switzerland (829 bn or 12.0%), Bermuda (353 bn or 5.1%), Brazil (327 bn or 4.7%), China (288 bn or 4.2%) and Canada (249 bn or 3.6%%). In the reverse direction, United States' direct investors increased their presence in the EU to 2436 billion euro of FDI stocks at the end of 2015 (or 41.7% of total FDI stocks held by the rest of the world in the EU). They were followed by those from Switzerland (627 bn or 10.7%), the offshore financial centres of Bermuda (503 bn or 8.6%) and Jersey (227 bn or 3.9%), as well as Canada (228 bn or 3.9%). (end) nk.nfm
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